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  • 11-08-22

    Turkish share market ends Wednesday’s with new all-time high

    (MENAFN) Turkey’s main share index Borsa Istanbul climbed 1.59 percent on Wednesday to end at a record all-time peak of 2,829.58 points.

    Opening the session at 2,778.92 points, the BIST 100 index earned 44.42 points from the prior end of 2,785.16 points.

    Throughout the midweek exchange, the BIST 100 hovered among 2,664.83 and 2,684.46 points, as 81 shares surged, 18 dropped and one was level in comparison with the prior end.

    Closing the day with a market worth of nearly 2.3 trillion Turkish liras (USD125.6 billion), the main index recorded a day-to-day exchange volume of 48.7 billion Turkish liras (USD2.7 billion).

    In line with data from Borsa Istanbul's Precious Metals and Diamond Markets, an ounce of gold exchanged for USD1,802.30 by market end, throughout a five week peak as a softer-than-estimated US inflation reading reduced worries that the Federal Reserve is going to continue to hike interest rates.

    Yearly consumer inflation in the US declined to 8.5 percent in July, easing from a more than 40-year peak of 9.1 percent in the month before, in line with the Department of Labor numbers issued on Wednesday.

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